Nev. Rev. Stat. § 92A.120 (2026)
Approval of plan of merger, conversion or exchange for domestic corporation
1. For a plan of merger, conversion or exchange to be approved, the board of directors of each domestic corporation that is a constituent entity must adopt the plan.
2. Except as otherwise provided in NRS 92A.130, 92A.133, 92A.134 and 92A.180:
(a) The board of directors of each domestic corporation that is a constituent entity must recommend the plan to the stockholders of such a domestic corporation who are entitled to vote on the plan, unless the board of directors determines that because of a conflict of interest, or because of other special circumstances relating to the composition of the board of directors at the time of its consideration of the plan, it should make no recommendation and it communicates the basis for its determination to the stockholders in its submission of the plan pursuant to paragraph (b);
(b) The board of directors of each domestic corporation that is a constituent entity must submit the plan for approval by the stockholders of such a domestic corporation who are entitled to vote on the plan in accordance with the provisions of this section; and
(c) The stockholders of each domestic corporation that is a constituent entity who are entitled to vote on the plan must approve the plan in accordance with the provisions of this section.
3. Without limiting the requirements of paragraph (a) of subsection 2:
(a) The board of directors may condition its submission to the stockholders of the proposed merger, conversion or exchange on any basis; and
(b) If any provision of the plan of merger, conversion or exchange or of any other agreement requires the board of directors to submit the plan to the stockholders, notwithstanding an adverse recommendation of the board of directors made in accordance with the terms and conditions of the plan, such provision shall be void and of no force or effect.
4. Unless the plan of merger, conversion or exchange is approved by the written consent of stockholders pursuant to subsection 7, the domestic corporation must notify each stockholder, whether or not the stockholder is entitled to vote, of the proposed stockholders’ meeting in accordance with NRS 78.370. The notice must also state that the purpose, or one of the purposes, of the meeting is to consider the plan of merger, conversion or exchange and must contain or be accompanied by a copy or summary of the plan.
5. Unless this chapter, the articles of incorporation, the resolutions of the board of directors establishing the class or series of stock or the board of directors acting pursuant to paragraph (a) of subsection 3 require a greater vote or a vote by classes of stockholders, the plan of merger or conversion must be approved by a majority of the voting power of the stockholders.
6. Unless the articles of incorporation or the resolution of the board of directors establishing a class or series of stock provide otherwise, or unless the board of directors acting pursuant to paragraph (a) of subsection 3 requires a greater vote, the plan of exchange must be approved by a majority of the voting power of each class and each series to be exchanged pursuant to the plan of exchange.
7. Unless otherwise provided in the articles of incorporation or the bylaws of the domestic corporation, the plan of merger, conversion or exchange may be approved by written consent as provided in NRS 78.320.
8. If an officer, director or stockholder of a domestic corporation, which will be the constituent entity in a conversion, will have any liability for the obligations of the resulting entity after the conversion because the officer, director or stockholder will be the owner of an owner’s interest in the resulting entity, then that officer, director or stockholder must also approve the plan of conversion.
9. Unless otherwise provided in the articles of incorporation or bylaws of a domestic corporation, a plan of merger, conversion or exchange may contain a provision that permits amendment of the plan of merger, conversion or exchange at any time after the stockholders of the domestic corporation approve the plan of merger, conversion or exchange, but before the articles of merger, conversion or exchange become effective, without obtaining the approval of the stockholders of the domestic corporation for the amendment if the amendment does not:
(a) Alter or change the manner or basis of exchanging an owner’s interest to be acquired for owner’s interests, rights to purchase owner’s interests, or other securities of the acquiring entity or any other entity, or for cash or other property in whole or in part; or
(b) Alter or change any of the terms and conditions of the plan of merger, conversion or exchange in a manner that adversely affects the stockholders of the domestic corporation.
(Added to NRS by 1995, 2081; A 2001, 1407, 3199; 2003, 3182; 2005, 2201; 2023, 381; 2025, 817)